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Forex Market News

Euro Waits for ECB Balancing Act as Data Bump Limits Policy Reaction
The three-pronged development of higher core CPI, improved PMI surveys, and increased excess liquidity reduces any immediate need for substantive action, like the unveiling of QE.

Weekly Trading Forecast: EURUSD and Majors Move Closer to Critical Breakouts
This past week ended with extreme volatility readings - extremely low readings. Though rather than promote calm, these measures look more like the prelude to a disruptive return to 'normal'.

GBP/USD Climb to New 5 Year Highs Will be Fraught With Danger
The pound has finished out an impressive month and week. Through April, the currency has advanced against all of its major counterparts.

AUD/USD Threatens 92.00 Support- Need Dovish RBA for Larger Decline
The long-term outlook for the AUD/USD remains bearish as the pair carves a lower high in April, and the Australian dollar remains at risk of facing a larger decline in the week ahead should the Reserve Bank of Australia (RBA) adopt a more dovish tone for monetary policy.

Gold Posts Key Outside Reversal Post NFPs- $1307 Key Resistance
Gold prices are softer on the week with the precious metal off by 0.42% to trade at $1300 ahead of the New York close on Friday.

Dollar Fails to Rally on Great Payrolls Data, Remains a Sell
A sharply better-than-expected US Nonfarm Payrolls report wasn’t enough to keep the Dollar from falling versus major FX counterparts, and the Greenback looks at risk of further declines as key fundamental factors favor weakness.

Graphic Rewind: GDP Miss and NFP Beat Leave USD Near the Weekly Open
The US Dollar Index closed the week less than 20 points away from the open despite event-risk volatility. GDP and NFP deviations may fit with the Fed outlook.

AUD/USD Holds 0.9200 Support- Dovish RBA to Trigger Key Reversal
The Dow Jones-FXCM U.S. Dollar Index outlook remains bearish, while the AUD/USD remains at risk for a key reversal on a dovish RBA policy statement.

USD Trade Setups for Trading Life Before and After NFPs
The US Dollar is set for an explosive move with US Nonfarm Payrolls due on Friday, but it's important to plan for trading life after the release. Watch these levels.

May Forex Seasonality Sees US Dollar Outperformance versus Aussie, Euro
For May, we take a look back at forex seasonality since 2009: the era of quantitative easing. The results for May are much more inspiring for US Dollar bulls than those for April.

EUR/USD Breakout to Take Shape on Dismal Non-Farm Payrolls (NFP)
Despite expectations for a 215K U.S. NFP print, a dismal employment report may fuel the bullish breakout in the EUR/USD as it drags on interest rate expectations.

Gold and Silver Face Make-Or-Break Moment Ahead Of US NFPs
Upcoming US Non-Farm Payrolls figures put gold and silver at a critical juncture as the precious metals hover near key support levels.

Graphic Rewind: USD Sets A New Low Despite Manufacturing Improvements
The dollar fell to the new 2-week low on the release of an improved UK PMI. Greenback traders may still be bothered by yesterday’s GDP miss.

EUR/USD at Risk for Breakout as RSI Fails to Retain Bearish Trend
The Dow Jones-FXCM U.S. Dollar Index may continue to consolidate ahead of the Non-Farm Payrolls (NFP) report, while the EUR/USD risks a bullish breakout.

AUD/USD Woes Not Shared by GBP/USD - GBP/AUD Breakout Imminent?
The UK economy is already seeing signs of reacceleration in Q2, and the latest bout of data has put the British Pound at yearly highs versus the US Dollar.

Silver Drops To $19.00 Handle, Oil Exposed To US Manufacturing Miss
Gold and silver may extend their declines as traders look past geopolitical risks and a dovish Fed, while crude remains vulnerable to continued disappointing US data.

Fundamentals: Dollar Ends Day Lower but FOMC Holds Back the Bears
This past session offered up a remarkably weak 1Q US GDP release which made the Federal Reserve’s decision to uphold withdrawal from stimulus even more surprising.

Graphic Rewind: USD Bulls Lose Confidence Ahead of Friday NFP Release
The dollar index falls to a 9-day low on a weak GDP release for Q1. Euro reacts unexpectedly to an inflation miss.

EUR/USD Risks Higher High on Dovish Fed- GBP/CAD Eyes Key Resistance
The Dow Jones-FXCM U.S. Dollar Index is struggling to hold its ground ahead of the FOMC, while the EUR/USD appears to be coiling up for a key break to the topside.

EUR/USD Threatens Trendline Resistance Before FOMC- Breakout on Tap?
The Federal Open Market Committee (FOMC) meeting may trigger a bullish breakout in the EUR/USD should the central bank adopt a more dovish tone for monetary policy.

FOMC, NFPs Best Bets to Stir US Yields, EUR/USD from Low Vol Slumber
Both the EURUSD and USDJPY have found themselves in tightly-wound ranges ahead of significant US event risk this week. A break of the US Treasury 10-year Note yield’s 25-bps range will help.

Crude Oil Faces Break Below $100, FOMC To Offer Gold Traders Guidance
WTI may be set to extend recent declines on upcoming inventories figures, while the April Fed meeting places gold and silver at a critical juncture.

EUR/USD Risks Bullish Breakout as 1Q GDP Drags on Fed Policy Outlook
The advance U.S. 1Q GDP report may trigger a bullish breakout in the EUR/USD should the figure drag on interest rate expectations.

Major FX Pairs Poised For Breakouts On FOMC, US GDP and NFP Trio
A raft of top-tier economic data due over the remainder of the week spells the potential for volatility in the FX space that may herald breakouts from recent trading ranges.

Dollar and Dow Ready for Fed and 1Q Growth Update
The dollar and financial markets were less worried about forging a major trend this past session and far more interested in preparing for the upcoming session’s major event risk.

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